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Mar 31, 2022
Solo Brands Q1 2022 Earnings Report
Reported a 19% increase in sales despite a challenging macro environment.
Key Takeaways
Solo Brands reported a 19% increase in net sales to $82.2 million, driven by acquisitions and strong wholesale results. However, the company experienced a net loss of $3.2 million and a decrease in adjusted EBITDA to $14.0 million due to increased expenses.
Net sales increased by 19.0% to $82.2 million compared to Q1 2021.
Net loss was $3.2 million, a decrease of $25.5 million from the previous year.
Direct-to-consumer revenues decreased by 3.3% to $60.2 million.
Wholesale revenues increased significantly by 223.6% to $22.0 million.
Forward Guidance
Solo Brands reaffirmed its full fiscal year 2022 guidance, expecting total revenue between $540 million and $570 million, and adjusted EBITDA between $121 million and $132 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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